Delaware Code
Title 6 - Commerce and Trade
Article 5. Letters of Credit

§ 5-101. Short title. - This Article may be cited as Uniform Commercial Code —...

§ 5-102. Definitions. - (a) In this Article: (1) “Adviser” means a person who,...

§ 5-103. Scope. - (a) This Article applies to letters of credit and to...

§ 5-104. Formal requirements. - A letter of credit, confirmation, advice, transfer, amendment, or cancellation...

§ 5-105. Consideration. - Consideration is not required to issue, amend, transfer, or cancel...

§ 5-106. Issuance, amendment, cancellation, and duration. - (a) A letter of credit is issued and becomes enforceable...

§ 5-107. Confirmer, nominated person, and adviser. - (a) A confirmer is directly obligated on a letter of...

§ 5-108. Issuer's rights and obligations. - (a) Except as otherwise provided in Section 5-109, an issuer...

§ 5-109. Fraud and forgery. - (a) If a presentation is made that appears on its...

§ 5-110. Warranties. - (a) If its presentation is honored, the beneficiary warrants: (1)...

§ 5-111. Remedies. - (a) If an issuer wrongfully dishonors or repudiates its obligation...

§ 5-112. Transfer of letter of credit. - (a) Except as otherwise provided in Section 5-113, unless a...

§ 5-113. Transfer by operation of law. - (a) A successor of a beneficiary may consent to amendments,...

§ 5-114. Assignment of proceeds. - (a) In this Section, “proceeds of a letter of credit”...

§ 5-115. Statute of limitations. - An action to enforce a right or obligation arising under...

§ 5-116. Choice of law and forum. - (a) The liability of an issuer, nominated person, or adviser...

§ 5-117. Subrogation of issuer, applicant, and nominated person. - (a) An issuer that honors a beneficiary's presentation is subrogated...

§ 5-118. Security interest of issuer or nominated person. - (a) An issuer or nominated person has a security interest...